Unisys reduces estimate of one-time pre-tax settlement charge

Unisys announced in a previous statement annuity purchase agreements to transfer a portion of its U.S. pension obligations. The company had anticipated the action would result in a one-time, non-cash, pre-tax settlement charge of approximately $244M. The company is revising that estimate to approximately $179M. The settlement charge will be finalized and communicated as part of the company’s year-end 2023 financial results.